American Airlines revenue rises 7.2 percent

Industries Reuters

American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington (Copyright Reuters 2017)

American Airlines reported a 7.2 percent rise in quarterly revenue, helped by strong passenger demand and improving average fares.

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The No. 1 U.S. airline by passenger traffic said unit revenue - which compares sales to flight capacity - rose 5.7 percent in the second quarter ended June 30.

However, the company's net income fell to $803 million, or $1.63 per share, in the quarter from $950 million, or $1.68 per share, a year earlier.

On an adjusted basis, American Airlines earned $1.92 per share, compared with $1.77 per share a year earlier.

Total operating revenues rose to $11.11 billion in the quarter from $10.36 billion.

 

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(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)